India’s equity markets opened higher on Thursday, buoyed by domestic strength amid muted global market signals.
Lower crude oil prices supported sentiment, following Qatar’s statement that indirect U.S.–Iran talks had made “positive progress” and that another round would be convened promptly after the funeral of Iran’s former Supreme Leader Ali Khamenei.
The benchmark BSE Sensex advanced 400 points (0.5%) to 77,322 in early trading, while the NSE Nifty index rose 117 points (0.5%) to 24,121.
The IT sector rebounded from recent losses: Tech Mahindra, TCS, HCL Technologies and Infosys each gained 3–5%, amid a weakening AI‑related trading environment in regions such as South Korea and Japan.
BPCL rose 2.6% following a deal to acquire the full stake held by Videocon Energy Brazil in IBV Brazil Petroleo Limitada.
Peers HPCL and IOC gained 2–3% as Brent crude slid to just below $70 a barrel—the first time since the early days of the U.S.–Iran conflict.
Tata Technologies surged nearly 4% after broadening its global partnership with Tenneco LLC to accelerate mobility transformation initiatives.
Iron‑ore miner NMDC climbed 2% following its record‑setting Q1 volumes.
Bharti Airtel fell roughly 1% as its NBFC arm, Airtel Money, began commercial operations post‑RBI approval.
Indian Bank fell 1% after announcing its June‑quarter business update.
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